I tried to replicate this problem with a test image but couldn't do it. First I created this gradient so it is "safe" from clipping and blocking.
| HTTP response: NOT FOUND | MIME changed to 'image/png' |
I saved that as a jpeg and opened first in ACR, then in PS, and compared the histograms. Both showed approximately the same gaps at either end of the scale -- just what you'd expect.
Then I opened it in ACR and pushed exposure and blacks until the first warnings of clipping and blocking showed:
| HTTP response: NOT FOUND | MIME changed to 'image/png' |
Checked both histograms again, and each showed slight clipping and blocking.
I'm not sure what can be concluded from this, since I started with a jpeg. Maybe starting with a raw file is what makes for the difference you're seeing.
EDIT:
I just tried with a raw file. Pushed exposure until the first clipping showed, and increase blacks until blocking just barely showed. Then opened in PS and checked the histogram. There were no obvious spikes at either end.
But when I opened a curves dialog box and checked "show clipping," both the clipping and the blocking showed. So at least in that respect, ACR and PS seem to be "seeing" the same thing, even though it isn't obvious when you view the PS histogram.